Seneca Resources and Northeast Natural Energy Join CG Hub’s
Certified Natural Gas Trading Platform
Leading Natural Gas Producers Become First Subscribers Providing Liquidity on World’s First
Electronic Trading Platform for Certified Natural Gas and Certificates
CHICAGO, Ill.: 12 June 2023 — CG Hub, the world’s first commodities trading platform focused exclusively on certified natural gas and certified natural gas certificates, today announced that Seneca Resources Company, LLC (Seneca) and Northeast Natural Energy (Northeast) have joined its certified natural gas platform. Effective immediately, Seneca and Northeast will be providing access to over 1 billion cubic feet per day of certified natural gas liquidity through CG Hub.
The first commodities trading platform of its kind to create a marketplace for certified natural gas and related certificates, CG Hub was developed in collaboration with MiQ, creator of the industry standard independent audit certification for methane gas emissions. Supporting primary and secondary market trading in natural gas and related certificates from all certifiers, CG Hub creates a transparent, centralized platform for bids and offers, along with a detailed audit trail of certification details and methane emissions levels for each transaction.
“Certified natural gas is the bridge to the future of sustainability. By creating a trading platform that supports a vibrant and dynamic marketplace in certified natural gas, we believe CG Hub will play a critical role in driving market-led transformation of the natural gas industry,” said Jon Olson, CG Hub Chief Executive Officer. “We’re proud to welcome Seneca and Northeast as liquidity providers on the platform and we expect to be announcing more liquidity providers in the coming weeks.”
Currently, approximately one-third of the total U.S. natural gas supply has been independently certified. With major producers, marketers, and buyers rapidly moving to certify their supply chains, the market for certified natural gas is expected to grow exponentially in the coming months, with certified supply commanding a price premium over non-certified natural gas. As the only trading hub for this fast-moving marketplace, CG Hub is poised to become a foundational component in the industry’s transformation to certified natural gas.
“Seneca has committed to being a leader in the transition to certified natural gas, with 100% of our natural gas production certified under Equitable Origin’s EO100TM Standard for Responsible Energy Development and under the MiQ Standard for Methane Emissions Performance with an ‘A’ certification grade,” said Justin Loweth, Seneca President. “Joining the CG Hub is the next natural progression for this exciting evolution. We look forward to rapidly scaling trading activity in our certified natural gas and certified natural gas certificates along with the team at CG Hub.”
“As the first company in West Virginia to achieve an ‘A’ rating under the MiQ standard, we are committed to reducing methane emissions and are serious about the sustainability of our supply chain,” said Mark Williams, Senior Vice President, Business Development, Northeast Natural Energy. “By participating in the CG Hub marketplace, we look forward to playing an important role in fostering an active market in certified natural gas.”
“Good will and commitments to sustainability are one thing, but getting true, industry-wide buy-in for certified natural gas also requires market-driven financial incentives to do the right thing,” said Georges Tijbosch, MiQ Chief Executive Officer. “CG Hub will play a key part in the commercialization of certified natural gas and we are delighted to see so many future-facing businesses working to drive change in global methane emissions.”
Eliminating oil and gas methane emissions is crucial in the fight against climate change. Methane is a much more potent greenhouse gas than carbon dioxide, and it has a much shorter lifespan in the atmosphere. Efforts to reduce methane emissions can most significantly slow climate change in the short term. These agreements demonstrate the participants’ intent to reduce methane emissions and to take meaningful action on climate change.
About Seneca Resources Company, LLC:
Seneca Resources Company, LLC, is the exploration and production segment of National Fuel Gas Company. Headquartered in Houston, Texas, we explore for, develop and produce natural gas in the Appalachian Region, including the Marcellus and Utica Shales. Visit us at nationalfuel.com
About Northeast Natural Energy
Northeast Natural Energy is a privately owned company founded in 2009 headquartered in Charleston, WV with operations focused exclusively on dry natural gas production in north central West Virginia. NNE’s homegrown team of talented professionals are forward thinking and believe hard work and honest and open communications are the keys to success in West Virginia. Visit us at northeastnaturalenergy.com
About MiQ
MiQ is an independent not-for-profit established by RMI (formerly the Rocky Mountain Institute), and global sustainability consultancy SYSTEMIQ to facilitate a rapid reduction in methane emissions from the oil and gas sector.
About CG Hub
Headquartered in Chicago with offices throughout the US, TruMarx Data Partners, Inc. is an experienced team of energy professionals with an established track record delivering powerful technology solutions, including the marketplaces COMET and CG Hub, to meet energy market challenges facing our global customers, including the measurement of specific transactional attributes required to quantify ESG goals.
Media Contacts:
For CG Hub: John Roderick, john@jroderick.com, 631-584-2200
For Seneca: Rob Boulware, boulwarer@srcx.com, 412-548-2572
For Northeast: Mark Williams, mwilliams@nne-llc.com, 386-299-7070
For MiQ: Sunny Uberoi, sunny.uberoi@miq.org, 917-747-2018
Asia Gas Hub Selects COMET/CG Hub to Power GasX for Domestic
Gas Market in Malaysia
● Asia Gas Hub and COMET/CG Hub partner to deliver an innovative digital platform “GasX” to facilitate gas trading in Malaysia.
● GasX will increase liquidity, price discovery, and transparency for gas procurement as this market evolves.
● GasX provides an over-the-counter (OTC) trading facility designed to digitalize the Malaysia natural gas market.
April 14, 2023 – Chicago & Kuala Lumpur – Asia Gas Hub (AGH) and COMET today announce that COMET’s newest technology, CG Hub, has been selected to power AGH’s Malaysian GasX domestic natural gas marketplace launching in June of this year.
As part of a larger overall strategy to open up the natural gas market in Malaysia, AGH will implement a customized version of CG Hub to serve as the marketplace for buyers and sellers to post, negotiate and execute transactions for domestic natural gas.
“After more than a yearlong analysis of available global technologies for this project, we selected CG Hub as the foundation for our gas marketplace”, said Faris Mustaffa, Managing Director and CEO of AGH. “The combination of CG Hub’s deep capability, its adaptability for our market, and the impressive track record of the COMET team in delivering customized solutions for global energy companies was the winning combination.”
The CG Hub provides the GasX marketplace with:
A centralized Hub (dashboard) for bids and offers all members can view
List customized details or needs for each transaction, all captured in the audit trail
Notifications to all members when a new deal is posted
Ability to click to execute or begin a bilateral negotiation
Receive an automated transaction confirmation
Comprehensive audit logs meet a variety of compliance and regulatory standards
“We are pleased and gratified to have been chosen as the technology provider to GasX,” said Mike Mackey, COO for COMET. “This further confirms that our CG Hub technology is a leader in both the traditional and low methane global natural gas marketplace. We are encouraged by AGH’s bold and innovative endeavor which will benefit not just Malaysia but also the region and global gas market. We look forward to working with the AGH team to revolutionize the Malaysian domestic gas market” he adds.
Media Contact
Lisa Kleeman
lisa.kleeman@trumarx.com
About COMET
Headquartered in Chicago with offices throughout the US, TruMarx Data Partners, Inc. is an experienced team of energy professionals with an established track record delivering powerful technology solutions, including the marketplace COMET, and CG Hub to meet energy market challenges facing our global customers, including the measurement of specific transactional attributes required to quantify ESG goals.
About Asia Gas Hub
AGH is an independent energy market solutions provider, fueled by passionate, experienced and qualified experts in the oil and gas industry, digital project management and equity, financial & commodity exchanges. With over a century of experience, we have in-depth insights of the whole ecosystem, access to a vast network and a wide knowledge structure to formulate innovative solutions to overcome challenges.
Boost for Emissions Transparency as World’s First Methane Marketplace Launches
World’s first platform provides transparent centralized trading Hub for gas certified by methane emissions generated during production
Ground-breaking platform set to incentivise drastic reductions in methane emissions
CG Hub reflects wider global drive to reduce methane emissions by increasing liquidity and price transparency, while allowing empirical understanding of emissions impact on each trade
12 October 2022, London – CG Hub, the world’s first trading platform for certified gas, has been launched today to drive greater emissions transparency in natural gas.
Leading global energy producers, traders and buyers who will participate in the ground-breaking platform are soon to be announced, incentivising drastic reductions in global methane emissions.
The CG Hub, run by the cloud-based energy trading platform COMET, is being launched in conjunction with non-profit MiQ - the fastest growing and most trusted methane emissions certification standard.
MiQ, which is already certifying 15 bcf per day, has 1.2 billion certificates currently available on its digital registry.
This demonstrates the huge potential of certified gas available to trade on the CG Hub and reflects the momentum behind methane certification and its potential to drive meaningful action on climate change.
Georges Tijbosch, Chief Executive Officer at MiQ, said:
“While we wait for the world to transition to clean energy, we need to create the infrastructure for the market to deliver change on emissions today.
“The Hub will bring transparency and drive demand for certified natural gas by taking it from a niche, bilateral trading ecosystem to a thriving, dynamic marketplace. We are delighted to see so many future-facing businesses working to drive change on global methane emissions.”
Gas traded on the Hub must have been certified based on its methane emissions, offering for the first time the chance for multiple players to buy and sell this commodity with a true understanding of the emissions impact of each batch.
Certified gas is gas that has been assessed against a credible and transparent standard to provide an honest, data-led grade based on methane emissions. Grading gas based on methane emissions differentiates better performers, assists buyers with integration of this important product into their overall ESG plan, and creates the incentives for market improvements.
COMET has over 250 distinct corporate members who would be eligible to use the CG Hub.
Michael Mackey, Chief Operating Officer at COMET, said:
“Working with MiQ to develop the CG Hub concept is a major step in opening up the nascent certified gas market that we believe will deliver on the promise of significant methane reduction.”
“We are gratified by the initial positive market response to CG Hub and look forward to working with many more progressive firms to improve emissions transparency, price discovery, encourage liquidity, and provide a community to drive methane reduction awareness.”
Previously only available to trade bilaterally, the CG Hub, which is adapted from the award-winning COMET platform, will drive greater trading and emissions transparency, providing:
A centralized Hub (dashboard) for bids and offers all members can view
The ability to list certification details (level, methane intensity, etc.), attach certificates, all captured in the audit trail
Notifications to all members when a new deal is posted
The ability to click to execute or begin a bilateral negotiation
Receipt of an automated transaction confirmation.
A comprehensive transaction audit log to help meet a variety of compliance and regulatory standards.
Best pricing
First RSG Offer with Carbon Offsets Originates on the COMET Marketplace
7 Dec 2021
TruMarx Data Partners, Inc., developers of the COMET energy marketplace, have announced the first origination of Responsibly Sourced Gas (RSG) on COMET since adding the asset class to their online marketplace. This adds to the nearly quarter of a million originations conducted on COMET.
The addition of RSG takes the number of assets COMET supports to 17 and joins other carbon light environmental assets including LNG, RINs and RECs.
“COMET is pleased to act as the marketplace to bridge the gap between suppliers of RSG and buyers.” stated Jon B. Olson, CEO, TruMarx Data Partners “We proudly support the industry’s move towards low carbon initiatives and RSG will be a key factor in achieving our customers' ESG goals.“
In the RSG market, COMET’s members can now specify bespoke qualitative attributes, such as certification metrics, around the bespoke quantitative attributes that members already negotiate on COMET. These attributes are captured in the audit trail, confirming the attributes of the RSG transacted and the transacting parties in perpetuity. Through COMET's reporting tools, this information can be shared with regulators, management and included in sustainability reports to various stakeholders.
COMET supports audited, real-time, confidential collaboration around any energy transaction, and provides custom integration between third-party systems to create straight-through processing across the transaction lifecycle. COMET standardizes processes around non-standard transactions.
Olson added “This origination demonstrates that RSG trading is a reality, and COMET members have signaled that there is more to come.”
COMET adds RSG to Marketplace
TruMarx Data Partners, Inc., developers of the COMET energy marketplace, announce that COMET now supports Responsibly Sourced Gas (RSG) or certified gas transactions including carbon credit offsets. This asset class brings the number of assets COMET supports to 17 and joins the other carbon light environmental assets COMET supports, including LNG, RINs and RECs.
“Today's announcement, a logical outgrowth of the COMET marketplace’s current capabilities in the natural gas markets, underscores our commitment to expanding our presence in the Responsibly Sourced Gas market” stated Jon B. Olson, CEO, TruMarx Data Partners “COMET proudly supports the industry’s adoption of the UN’s SDGs and our move to support RSG transactions demonstrates that commitment.”
In the RSG market, COMET’s members can now specify bespoke qualitative attributes, such as the certification metrics offered by any of the certifier organizations, including Project Canary, around the bespoke quantitative elements that members already negotiate on COMET. These components are captured in the COMET audit trail, archiving the attributes of the RSG transacted, the transaction and other details. This information can be shared with internal systems, regulators, management and included in sustainability reports.
COMET supports auditable, real-time confidential collaboration around any energy transaction, and provides custom integration between third-party systems to create straight-through processing across the transaction lifecycle. COMET standardizes processes around nonstandard transactions.
Olson added “This offering demonstrates that bespoke RSG trading is a reality, and COMET users have signaled there is more to come.”
For more information, visit: www.trumarx.com/sustainabledevelopmentgoals
Trumarx CEO, Jon Olson, set to coordinate CCRO ESG working committee
TruMarx CEO, Jon Olson, will be named as co-coordinator of the Committee for Chief Risk Officers (CCRO) ESG Working Committee at their upcoming inaugural committee meeting. The CCRO Q3 Meeting will be held in Houston, Wednesday 29 September, where Jon will be joining with Mike Prokop, Director of Alliance Risk, and Tom Birmingham, CCRO Member Emeritus. The CCRO ESG Working Group will address performance on ESG issues and management of ESG associated “inclusion” risks. The goal of this ongoing discussion is to build a framework for understanding ESG risks especially for energy companies and recommend steps to manage these risks.
“Many of our clients are also members of the CCRO and we have daily conversations with the C-suite as they lay the ground work to set and achieve ESG goals. Our product, COMET is playing a part in North America as we now offer RSG as a tradable asset on our system and we have the ability to attach certifications from all of the major certifiers, including Project Canary and MIQ. I look forward to continuing our work with CCRO and its members towards negating risks while achieving a positive and valuable outcome for its member companies.”
For more information, visit: www.trumarx.com/sustainabledevelopmentgoals
Join the Trumarx Data Partners team
Do you have a process-oriented skill set? Previous experience in enterprise business development, sales or energy industry specific roles? Strong computer and organizational skills, integrity and work ethic? The ability to work remotely, and knowledge of energy markets, trading technology and/or commodity markets? If you do, then you could be joining the Trumarx Data Partners team as a Business Development Manager. Please click below to find out more and apply.
COMET is proud to be the primary technology provider to the CCRO’s new ESG initiative
As the world strives for net zero emissions, the energy industry is playing its part. All eyes are on ESG-related goals — how they are measured and met. The CCRO is best placed to lead its members in dialogue, establishing key ESG-related priorities and best practices. COMET has a long history in creating industry-ledtechnical solutions. COMET now supports the CCRO ESG initiative. With the trusted COMET marketplace as a robust foundation, functionality will be added to assist in accessing solutions to help achieve ESG-related goals. To be part of this important dialogue, COMET urges energy industry participants to join the CCRO and its newest initiative.
For more information, visit: www.trumarx.com/sustainabledevelopmentgoals
The TruMarx Data Partners team is expanding
If you, or anyone you know, is interested in joining our business development group in the UK, Europe, Singapore or the USA, please click below to find out more and apply.
TruMarx at the LNG Trading and Risk Summit Europe – 14-16 April 2021
Our CEO, Jon Olson, joins Robert Anderson, Janine McArdle and Bob Stibolt at the CCRO’s 2nd Annual Energy Trading Risk Summit Europe – Thursday 15 April. This panel of experts will discuss how our past and present informs our need for digitalisation in the volatile LNG industry.
Registration is FREE and still available here: https://hubs.li/H0L2X3G0
TruMarx sponsors LNG Trading and Risk Summit – 18-19 March 2021
Our CEO, Jon Olson, will be speaking, along with Janine McArdle and Bob Stibolt, about the LNG Digitalization Consortium. To find out more and to register go to: www.etrsummit.com/lng. The summit will be shown in Asia and US time zones.
TruMarx CEO Sees Digitalization as Key to Meeting Growing LNG Trading Requirements
Natural Gas Intelligence
BY JAMISON COCKLIN, Editor
December 7, 2020
Jon Olson, co-founder of TruMarx Data Partners Inc., believes the liquefied natural gas (LNG) business is “hamstrung” by antiquated processes to buy and sell the super-chilled fuel, but his company is among many that are racing to digitalize the space and boost liquidity with a modern trading platform.
LNG Alliance signs with COMET for India gas distribution plans
COMET to support the fast growing Indian natural gas market needs with software and data solutions
Chicago/Singapore (6 Oct , 2020) – Today, TruMarx Data Partners, Inc., developers of the COMET energy marketplace, and leading project developer in the natural gas and LNG sector, LNG Alliance (Singapore) have signed an MOU to support LNG Alliances business objectives with software and data solutions including the COMET Marketplace for the LNG/Gas trading and distribution platform in India.
LNG Alliance (Singapore) is engaged in the development of India's virtual gas pipelines, downstream gas market integration in the east coast of India and LNG bunkering initiatives in the west coast of India. This understanding underscores the TruMarx commitment to providing the most valuable and robust energy trading solutions to the industry in consultation with its leaders.
TruMarx’s Chief Executive Officer Jon Olson commented “We welcome the opportunity to provide our solutions to LNG Alliance to further their groundbreaking work.”
Muthu Chezhian, CEO of LNG Alliance commented, “Based on our indepth evaluation of the various softwares and trading platforms available in the market for Gas and LNG transactions, COMET ranked top. It provides us with an integrated transactional visual platform for price discovery mechanism, ability to negotiate the terms through confidential one-to-one secure space, and comprehensive transaction compliance, built on best industry practices. The complex and fast emerging gas/LNG demand in India, combined with the wide range of client needs, makes COMET the right fit for us.”
COMET supports unlimited, real-time confidential collaboration around any transaction, and provides custom integration between third-party systems to create straight-through processing across the transaction lifecycle. COMET standardizes processes around non-standard transactions.
10/02/2020
COMET names Janine McArdle to LNG Advisory Committee
LNG veteran joins expert panel to guide LNG trading towards LNG market digitalization
Chicago (2 October 2020) – Today, TruMarx Data Partners, Inc., developers of COMET, announce the appointment of Janine McArdle, CEO and founder APEX Strategies to its Advisory Committee. Janine has had a remarkable, 30-year plus career spanning the energy markets. Some of her engagements include: directorships at Santos and Antero, key advisory roles in developing the Wheatstone and Kitimat LNG facilities, roles at Apache and Aquila, and a key role in designing ICE and an ICE directorship from inception up to IPO. This appointment further highlights TruMarx’s commitment to providing the most valuable bespoke, confidential and bilateral energy trading solution for LNG and another 15 asset classes in consultation with the leaders in the energy industry.
TruMarx’s Chief Executive Officer Jon Olson commented “COMET’s LNG Advisory Board has been instrumental in positioning our product to meet the industry’s growing demand for digitalization. We have spent a decade working closely with our Advisory Committee and our members who have used COMET to facilitate over 230,000 physical deliveries across 16 asset classes.”
Janine McArdle added “I look forward to providing counsel based on my experience to assist in creating the liquidity and market consolidation that the LNG market requires.”
COMET’s LNG Advisory Committee is comprised of the former head of LNG Trading at Exxon Mobil, RasGas and EDF Matthew Arnold, Director of Nwyda Limited and former head of LNG trading at BP and Vitol David Thomas, head of Oil and Gas at De Gaulle Flerance and Associated Ruchdi Maalouf, and former head of Platt’s Asia W.K. Chan.
COMET is a mature SaaS platform for commodities trading that has been developed in close collaboration with the industry’s foremost experts from the buy and sell-side. Built for the most complex trades, COMET is used by over 300 distinct corporations across 16 asset classes, including LNG. COMET supports unlimited, real-time confidential collaboration around any transaction, and provides custom integration between COMET and third-party systems to create straight-through processing across the transaction lifecycle. COMET standardizes processes around non-standard transactions.
08/17/2020
COMET attends World LNG Series webinar
We invite you to join our CEO, Jon B. Olson, and other leaders in LNG as they discuss improving efficiency through technology in LNG trading at the World LNG Series webinar, Thursday 20 August 2020. Register at https://lnkd.in/d3WxWdz
07/16/2020
COMET is LNG trading platform of choice
06/23/2020: Event announcement
COMET attends Japan LNG & Gas virtual summit
Join COMET VP Asia, Catherine Shang, along with hundreds of local, regional and international attendees, at the 3rd Japan LNG & Gas Virtual Summit. The summit will run online from 8–9 July 2020. Engage in live, strategic content sessions and B2B networking. The virtual event offers an opportunity to learn and share key insights, reconnect with your marketplace and reunite with your community.
Click here to set up a virtual meeting with Catherine or to book a demonstration of the COMET platform.
5/19/2020
Digitization at the forefront of successful business recovery plans
Boardroom conversations are focused on digitization as the backbone of their business recovery strategy, and more and more respected voices in management consulting are joining the chorus. In a recent piece authored by the consulting firm McKinsey, "Digital Strategy During the Coronavirus" , the following salient points were raised:
· “Businesses that once mapped their digital strategies in one-to three-year phases must now scale their initiatives in a matter of days or weeks.”
· “…digital strategies become the primary…customer-engagement model, and automated processes become a primary driver of productivity…”
· adoption of “… digital technologies early and at scale…correlate highly with value creation.”
Our clients are ahead of the curve. COMET, which is available for no cost and no fixed term, has exactly the same capabilities and security features, whether our users access it from their office, a coffee shop or their basement. COMET:
· provides secure, encrypted access to all of our services via the AWS cloud
· facilitates audited confidential negotiation and execution of custom, bilateral contracts with other COMET users
· supports audited confidential collaboration between colleagues in your company
· provides connectivity to all of your internal corporate systems
· acts as a costless business continuity solution for your trading team
We are currently providing complimentary analyses to quantify the value of these and other ways we can help you grow your bottom line, eliminate expense, build additional reliability into your operations and/or de-risk your organization. To date, these analyses have borne out significant financial value for our customers. Please contact me directly if you would like to learn more.
04/28/20
The New Normal
Is the traditional workplace just a stubborn, antiquated reflex or does it have a logical business imperative?
An unavoidable truth is that our current predicament will bring about changes in the way we do business and interact as a society. The issue is far larger than whether we continue to shake or frequently wash our hands. The degree to which changes can be adopted by various sectors of the economy notwithstanding, all business leaders must undertake an analysis of how current conditions have affected their capabilities regarding crisis management, disaster recovery and business continuity planning, and how each impacts their competitiveness going forward. In the midst of tremendous unexpected operational change, positive opinions have identified unanticipated benefits, including more flexible and efficient work from home (WFH) schedules, more collaboration and communication between work associates, and stronger family ties. However, many questions remain-
· What does “essential” mean? Unique to each business, who is an essential employee who cannot work remotely? What is an essential official physical office location that must be maintained? What work is essential for the business to remain viable? Are there certain job categories that are better suited to WFH solutions, while others are not? What is the right proportion of each company’s workforce that can WFH?
· On the subject of the physical location of work, will a bias remain among some business leaders against WFH? Is there a reasonable distrust about WFH employee productivity? In light of the tremendous gains in technology and the ubiquity of internet connectivity, what is the trade-off between the costs of maintaining physical premises and investing in better technology, supporting remote working programs and training managers to manage teams both on-site and remotely?
· Have other internal costs of WFH been meaningfully analyzed? Will certain company’s expense structures compare favourably against others’ depending on the percentage of remote work they support? How will productivity be impacted by a more flexible work schedule, more convenience, more time available to interact with employees’ families, employees’ increased availability in light of reduced commute times, more happiness and contentment, etc? Will the percentage of adoption of remote work create a more robust Employee Value Proposition? How will that impact the ability to recruit and retain talent ?
· How are organizations adopting business continuity plans that can future-proof their business? How can businesses ensure identical capabilities in the office and outside the office, how can they ensure security, how can they realize commensurate or better collaboration, communication, and interface between their teams and mission-critical systems? What permanent systems must be in place to protect people, information, cash flow and reputation?
· What is the external value of the cleaner air that results from WFH (for example - notably clearer skies in New Delhi and LA)? What is the societal value of lower crime? How much traffic congestion is acceptable in our daily lives? Do investors really value a company’s commitment to ESG standards, such as the Sustainability Stock Exchanges initiative? Is there a true positive correlation between strong sustainable performance and financial performance?
Of course, there are many more questions than answers around the issue of a new normal. There is zero probability that all businesses will immediately change the way they do all of their business; some simply cannot. However, as this recent crisis has unfolded, these are just some of the important questions that are being considered by business leaders as they seek to adapt successfully to evolving circumstances.
11/13/2019: COMET builds expert panel towards improved trade processing
COMET names Dr. James Duncan to Advisory Committee
Dr James Duncan
Chicago (21 November 2019) – Today, TruMarx Data Partners, Inc., announces the appointment of Dr. James Duncan, Deputy Director of International Research Institute for Climate and Society, Earth Institute, Columbia University, to its Advisory Committee. The appointment further highlights TruMarx’s commitment to providing the most valuable and robust energy trading solution for over 16 asset classes in consultation with the leaders in the energy industry.
TruMarx’s Chief Executive Officer Jon Olson commented, “COMET’s Advisory Board has been instrumental in shaping and developing our product. We have spent a decade working closely with our Advisory Committee and our clients to provide the most valuable market trading solutions for natural gas and another 15 asset classes. The addition of Jim will only add greater insight to our work and further value to our broad based trading community.”
Jim Duncan added, “I look forward to providing counsel to continue to build the COMET offering as the first choice for today’s complex energy trading environment.”
COMET’s Advisory Committee is comprised of energy market experts- Rob Eckhardt, Phil Flynn, Ted Murphy, Brett Perlman and Professor Craig Pirrong.
COMET is a mature online platform for commodities trading that has been developed in close collaboration with the industry’s foremost experts from the buy and sell-side. Built for the most complex trades, COMET is used by over 300 industry leaders across 16 asset classes, including LNG. COMET supports unlimited, real-time confidential collaboration around any transaction, and provides custom integration between third-party systems to create straight-through processing across the transaction life-cycle. COMET standardizes processes around non-standard transactions.
11/13/2019: Event Announcement
COMET at The CWC World LNG Summit & Awards Evening in Rome, 3-6 December 2019
COMET's representatives will be attending The CWC World LNG Summit & Awards Evening in Rome. Meet with us to hear about exciting new developments as COMET works with its customers and partners to drive forward liquidity in physical energy markets. Click here to set up a meeting or to book a demonstration of the platform.
09/09/2019: Event Announcement
COMET at Gastech Houston, 17-19 September 2019
COMET's representatives will be attending Gastech in Houston. Meet with us to hear about exciting new developments as COMET works with its customers and partners to drive forward liquidity in physical energy markets. Click here to set up a meeting or to book a demonstration of the platform.
08/21/2019: W.K. Chan and Sam Farooki tapped to join industry panel focused on improved LNG trade processing
COMET expands LNG Advisory Committee
W.K. Chan
Sam Farooki
Chicago/Singapore (21 Aug , 2019) – Today, TruMarx Data Partners, Inc., developers of the COMET energy marketplace, announces the appointment of W.K. Chan, formerly of Platts, and Sam Farooki, an oil and gas industry veteran, to its LNG Advisory Committee. The appointments underscore TruMarx’s commitment to providing the most valuable and robust LNG trading solution to the industry in consultation with LNG industry leaders.
TruMarx’s Chief Executive Officer Jon Olson commented “Over the past 10 years, COMET has worked closely with our Advisory Committee to provide the most reliable market trading solutions for natural gas and another 15 asset classes. However, LNG trading has its own complexities and reporting requirements, therefore it made sense for us to develop a stand alone LNG Advisory Committee. COMET’s LNG Advisory Board has been instrumental in shaping and developing our LNG product. The addition of WK and Sam will only add broader insight to our work and exceptional value to the LNG community.”
W.K. Chan commented, “I look forward to providing counsel to continue to shape COMET as a powerful tool for today’s complex LNG trading environment.”
Sam Farooki added, “ After over 30 years in the industry, I understand the drive for enhanced internal transparency and controls in today’s compliance focused environment. COMET provides a simple solution with an excellent audit trail for complex LNG trades.”
COMET’s LNG Advisory Committee is comprised of Matthew Arnold, Consultant and former Head of LNG trading at ExxonMobil, RasGas and EDF; Shasha Fesheraki, Managing Director of FGE; Robert Stibolt, LNG Alliance; David Thomas, Director of Nwyda Limited and former Head of LNG trading at BP and Vitol; and Ruchdi Maaloof, Head of Oil and Gas, De Gaulle Fleurance and Associates.
COMET supports unlimited, real-time confidential collaboration around any transaction, and provides custom integration between third-party systems to create straight-through processing across the transaction life-cycle. COMET standardizes processes around non-standard transactions.
05/15/2019: Event Announcement
Attending the CWC World Gas Series: Brazil & The Americas Summit, 20-22 May 2019?
So are we! Our delegation to Rio de Janeiro next week will include our CEO, Jon Olson. Book a meeting via our contact page to learn how COMET can simplify your transaction workflow.
03/29/2019: Event Announcement
Meet COMET Representatives, including our CEO, Jon Olson, at the LNG2019 Conference in Shanghai, 1-5 April
Excited to hear about the latest developments in electronic transaction platforms for energy? Take a moment to introduce yourself to our representatives, including our CEO, Jon Olson, at the 19th International Conference & Exhibition on Liquefied Natural Gas in Shanghai next week. COMET is already being used by major energy players to execute long and short-term contracts across numerous asset classes. See how it can streamline your LNG workflow and integrate directly with your in-house systems.
02/14/2019: Event Announcement
COMET is Proud to Sponsor the 2nd CWC Japan LNG & Gas Summit in Tokyo, February 19 - 20, 2019
Need a better solution for your LNG trading needs? Then don't miss a chance to meet with our Executives at the 2nd CWC Japan LNG & Gas Summit in Tokyo, Japan.
Jon Olson, our CEO will be in attendance at the event. Click here to schedule a meeting to learn how COMET can help transform the way your LNG transaction lifecycle is managed.
10/31/2018: Event Announcement
Meet our Representatives in Bangkok at Asia’s Integrated Oil, Gas & Energy Transformation Event 12 - 14 December 2018
COMET will be in attendance at Asia’s Integrated Oil, Gas & Energy Transformation Event in Thailand. Click here to schedule a meeting to learn how COMET can help transform the way your LNG transaction lifecycle is managed.
10/31/2018: Event Announcement
COMET is Proud to Sponsor the CWC World LNG Summit in Lisbon, November 27 - 30 2018
Need a better solution for your LNG trading needs? Then don't miss a chance to meet with our Executives at the CWC 19th Annual World LNG Summit 27-30 November, Lisbon, Portugal. Click here to schedule a meeting at your convenience so that we can discuss your LNG trading needs.
10/09/2018: Event Announcement
Meet the experts behind COMET in Tokyo October 23-25 2018
Need a better solution for your LNG trading needs? Then don't miss a chance to meet with the COMET executive team while we are in the Tokyo area after the METI conference.
We'd love to visit your office and talk about your LNG trading needs. Click here to schedule a meeting at your convenience.
10/05/2018: Event Announcement
CWC World LNG & Gas Series October 15-18 2018, Singapore
Headed to CWC in Singapore? Need a better solution for your LNG trading needs? Then don't miss a chance to meet with the COMET executive team.
COMET is a powerful cloud software platform that enables users to execute complex, bilateral LNG transactions. COMET is powered by TruMarx Data Partners, the industry's most experienced energy professionals with an extensive track record delivering award-winning software and data platforms for global energy markets.
We've helped some of the world's top brands streamline operations including Shell, ExxonMobil, Chevron, BP, Saudi Aramco, Total, Gazprom, Engie, Mitsubishi, Petronas, Platts, Argus and hundreds of others. Meet with our representatives and we'll tell you how we can help transform the way your LNG transaction lifecycle is managed.
Click here to schedule a meeting or demo session at CWC.
As the industry's most mature LNG trading platform, COMET works within your organization's established rigorous trading procedures, automating critical processes, streamlining interdepartmental reviews and approvals, and reducing compliance risk for each LNG transaction. COMET integrates with other best-in-breed vendor offerings to create a comprehensive ecosystem to address the LNG industry's complex trading requirements.